Altcoins are an alternative to Bitcoin

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Bitcoin is the main currency in the crypto world, they say it has some problems although it is influential; This means that it is the most used by many people, companies and businesses around the world and has innovative technology, becoming the preferred by most.

Altcoins are alternative currencies, that is, instead of using Bitcoin, an altcoin is used, they are not the same as Bitcoin, they have a different way of operating.

There are altcoin with features like:

- Faster in the transaction process
- less volatile
- More private
- Development that generates changes to improve its use and purpose
- Easier to earn through apps
- Easier to buy because it costs less, etc.

Altcoins are the competition by innovating and improving with development existing products adding value to crypto.

Fun fact: In the market there are more than fifteen hundred (1,500) alternative currencies (altcoin) and more are constantly being created.

Ethereum is the most important altcoin at the moment; With its technology, new tokens can be created without the need to make a blockchain, which allows production costs to be cheaper.

Ripple develops software for banks.

Dash solution for daily payments with low transaction fees, speed of execution and privacy allowing anonymous shipments.

Monero is also characterized by offering privacy and Augur uses user surveys to predict the future.

I hope the information is useful to all those who do not know or have never heard of it.

The article was written based on the research contained in the following sources:

- https://es.cointelegraph.com/tags/altcoin
- https://academy.bit2me.com/que-son-las-altcoins/

Until next post.

Victoria